| Counter | RELIANCE LTP 2710.35 |
| Call | Buy on dip |
| Target 1 | 2780 |
| Target 2 | 2870 |
| Stop Loss | Below 2540 on close |
| Time Horizon | 2-3 weeks |
| Notes | Buy on dip at 2650 & Avg around 2580 |
Reliance is among the first companies globally to adopt an Oil-to-Chemicals (O2C) strategy to produce the chemical building blocks of a circular economy and integrate it with sustainable downstream derivatives, useful chemicals, and new materials. Reliance is now one of the largest Oil & Gas Exploration and Production players in India with a balanced domestic conventional and unconventional hydrocarbons portfolio.
| Previous Close | 2687.75 | TTM EPS | 103.41 |
| 52 Week High | 2856.0 | TTM PE | 26.17 |
| 52 Week Low | 2180.0 | P/B | 2.23 |
| Sector PE | 34.61 | Mkt Cap (Rs. Cr.) | 18,30,952 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom Research)
Option Chain Study
F&O Strategy
| Scrip | RELIANCE LTP 2710.35 |
| Risk | Moderate |
| Ratio | 1:1 |
| Bias | Range to positive bias |
| Max Reward Expected | ₹ 15,188 |
| Max Risk Expected | ₹ 9,800 |
| Action | Scrip | Quantity | Entry Price | LTP |
| BUY | RELIANCE FEB 2700 CE | 250 | 70.1 | 70.1 |
| SELL | RELIANCE FEB 2800 CE | 250 | 30.85 | 30.85 |
|
| Counter | HINDCOPPER 281.7 |
| Call | Buy on dip |
| Target 1 | 295 |
| Target 2 | 315 |
| Stop Loss | Below 240 on close |
| Time Horizon | 2-3 weeks |
| Notes | Buy on dip at 270 & average around 260 |
Hindustan Copper Limited (HCL), a Miniratna Category-I, Government of India (GoI) Enterprise under the administrative control of the Ministry of Mines, was incorporated on 9th November 1967. he Company has the facilities for production & marketing of copper concentrate, copper cathodes, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid. Presently, company is focusing on mining & beneficiation operation and is primarily selling copper concentrate as the main product. In the concluded financial year 2022-23, the Company has earned a net profit (PAT) of Rs 295.31 crore against a sales turnover of Rs 1660.63 crore. HCL’s mines and plants are spread across five operating Units, one each in the States of Rajasthan, Madhya Pradesh, Jharkhand, Maharashtra and Gujarat.
| Previous Close | 275.45 | TTM EPS | 3.31 |
| 52 Week High | 289.3 | TTM PE | 85.18 |
| 52 Week Low | 93.9 | P/B | 13.3 |
| Sector PE | 73.14 | Mkt Cap (Rs. Cr.) | 27,265 |
(Source: Moneycontrol, BSE, Fisdom Research)
Technical Outlook
(Source: Fisdom Research)
Option Chain Study
F&O Strategy
| Scrip | HINDCOPPER 281.7 |
| Risk | Moderate |
| Ratio | 1:1 |
| Bias | Range to pullback |
| Max Reward Expected | ₹ 62,805 |
| Max Risk Expected | ₹ 43,195 |
| Action | Scrip | QTY | Entry Price | LTP |
| BUY | HINDCOPPER FEB 280 CE | 5300 | 22.55 | 22.55 |
| SELL | HINDCOPPER FEB 300 CE | 5300 | 14.4 | 14.4 |
|
Disclaimer: This document is not intended for anyone other than the recipient. The contents of this document may not be reproduced or further distributed to any person or entity, whether in whole or in part, for any purpose. If you have received the publication in error please notify the sender immediately. If you are not the named addressee, you should not disseminate, distribute or copy this document. You are hereby notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. All non-authorised reproduction or use of this document will be the responsibility of the user and may lead to legal proceedings. This document has no contractual value and is not and should not be construed as advice or as an offer or the solicitation of an offer or a recommendation to take action in consonance in any jurisdiction. Finwizard Technology Private Limited (“Fisdom”) makes no guarantee, representation or warranty and accepts no responsibility or liability for the accuracy or completeness of the information and/or opinions contained in this document, including any third party information obtained from sources it believes to be reliable but which has not been independently verified. In no event will Fisdom be liable for any damages, losses or liabilities including without limitation, direct or indirect, special, incidental, consequential damages, losses or liabilities, in connection with your use of this document or your reliance on or use or inability to use the information contained in this document, even if you advise us of the possibility of such damages, losses or expenses. Fisdom does not undertake any obligation to issue any further publications or update the contents of this document. The information stated and/or opinion(s) expressed herein are expressed solely as general commentary for general information purposes only and do not constitute advice, solicitation or recommendation to act upon thereof. Fisdom does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. The information contained within this document has not been reviewed in the light of your personal circumstances. Please note that this information is neither intended to aid in decision making for legal, financial or other consulting questions, nor should it be the basis of any investment or other decisions. Fisdom may have issued other similar documents that are inconsistent with and reach different conclusion from the information presented in this document. The relevant offering documents should be read for further details. You should make such researches/inspections/inquiries as it deems necessary to arrive at an independent evaluation of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks involved. Fisdom makes no representations that the offerings mentioned in this document are available to persons of any other country or are necessarily suitable for any particular person or appropriate in accordance with their local law. Among other things, this means that the disclosures set forth in this document may not conform to rules of the regulatory bodies of any other country and investment in the offer discussed will not afford the protection offered by the local regulatory regime in any other country. Past performance contained in this document is not a reliable indicator of future performance whilst any forecasts, projections and simulations contained herein should not be relied upon as an indication of future results. The historical performance presented in this document is not indicative of and should not be construed as being indicative of or otherwise used as a proxy for future or specific investments. The relevant product documents should be read for further details. Fisdom does not undertake any obligation to issue any further publications to you or update the contents of this document and such contents are subject to changes at anytime.
This Diwali, we present a portfolio that reflect both sector-specific and stock-specific opportunities. With 2…
Thank you for showing interest in taking a BTST position using our Delivery Plus product.…
Thank you for showing interest in the consultation on trading strategies!Our expert will reach out…
Even if you are a new participant in the stock market, the process of buying…
A company’s debt position can be gauged using the interest coverage ratio or ICR. This…
Muhurat Trading, a cherished tradition in the Indian stock market, takes place on Diwali, the…